ultra bearish

Urgent: $ME Long Liquidation Shakes Market

A long position worth $1,827.2 in $ME has been liquidated at $2.99, raising alarms across the market and hinting at heightened volatility.

With bearish pressure mounting, traders are bracing for potential sharp moves.

Key Details:

Liquidation Amount: $1,827.2

Liquidation Price: $2.99

Market Sentiment: Bearish signals emerging

Next Moves:

1. Set a Stop Loss:

For long positions: Place a stop loss around $2.95 to limit downside risk.

For short positions: Consider a stop loss near $3.05 in case of a price rebound.

2. Key Levels to Watch:

Support: $2.95 – A breakdown here could trigger further selling pressure.

Resistance: $3.05 – A breach might signal a recovery attempt.

3. Risk Management:

Trade cautiously and avoid over-leveraging.

Scale down positions to navigate the volatile environment effectively.

The battle for $ME direction is heating up—prepare for sharp moves ahead.

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